Twenty percent of the shares of the two large state-owned banks to be given to strategic investors or the public

It has been proposed that 20 percent of the shares of the two large state-owned banks should be given to strategic investors or the public to improve capital and support the future growth of the two state owned banks and reduce the burden on taxpayers’ funds.

A number of reform measures are also being implemented, including stricter rules on credit risk, such as stricter rules on the appointment of chief officers and state bank board members and restrictions on individual borrowers to prevent future financial deterioration of state-owned banks. Amendments to the Banking Act expected to be passed in early 2024 will provide the legal framework for these reforms.